Porcupine mine

Last updated
Porcupine mine
McIntyre Porcupine Mines, Porcupine Gold Camp (16621765600).jpg
Vintage Postcard showing operations at McIntyre Porcupine Mines
Location
Canada location map 2.svg
Schlaegel und Eisen nach DIN 21800.svg
Porcupine mine
Location in Canada
Location Timmins
Province Ontario
Country Canada
Coordinates 48°27′46″N81°14′28″W / 48.4627°N 81.2412°W / 48.4627; -81.2412
Production
Products Gold
Owner
Company Newmont Goldcorp
Website Newmont Goldcorp website

The Porcupine mine is one of the largest gold mines in Canada and in the world. [1] The mine is located in Timmins, Ontario. [1] The mine has estimated reserves of 4.35 million oz (123.32 tonnes) of gold. [1] In January 2024, Newmont, the current owners of the mine, announced a deal to sell the mine to Discovery Silver for US$425 million. [2]

See also

Related Research Articles

<span class="mw-page-title-main">Barrick Gold</span> Canadian mining company

Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. In 2023, it produced 4.05 million ounces of gold at all-in sustaining costs of $1,335/ounce and 420 million pounds of copper at all-in sustaining costs of $3.21/pound. As of 31 December 2023, the company had 77 million ounces of proven and probable gold reserves.

Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in the United States, Canada, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.

Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company stood among the largest gold producers in the world, employed about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets included eleven mines in North and South America.

<span class="mw-page-title-main">Hollinger Park</span> Municipal park in Timmins, Ontario, Canada

Hollinger Park is a municipal park in Timmins, Ontario, located at the southeast corner of Algonquin Blvd. and Brunette Road.

The Golden Giant Mine is a closed underground gold mine in Northern Ontario, near the towns of Manitouwadge and Marathon. Along with the David Bell Mine and Williams Mine, it is part of the Hemlo mining camp. During their peak years, they represented over half of Ontario's and roughly a quarter of Canada's gold production.

Gold mining in Colorado, a state of the United States, has been an industry since 1858. It also played a key role in the establishment of the state of Colorado.

Silver mining in Colorado has taken place since the 1860s. In the past, Colorado called itself the Silver State.

<span class="mw-page-title-main">Porcupine Gold Rush</span> 1909 gold rush in Northern Ontario, Canada

The Porcupine Gold Rush was a gold rush that took place in Northern Ontario starting in 1909 and developing fully by 1911. A combination of the hard rock of the Canadian Shield and the rapid capitalization of mining meant that smaller companies and single-man operations could not effectively mine the area, as opposed to earlier rushes where the gold could be extracted through placer mining techniques. Although a number of prospectors made their fortune, operations in the area are marked largely by the development of larger mining companies, and most people involved in the mining operations were their employees.

<span class="mw-page-title-main">Gold mining in Nevada</span> Overview of gold mining in Nevada

Gold mining in Nevada, a state of the United States, is a major industry, and one of the largest sources of gold in the world. In 2018 Nevada produced 5,581,160 troy ounces, representing 78% of US gold and 5.0% of the world's production. Total gold production recorded from Nevada from 1835 to 2017 totals 205,931,000 troy ounces (6,405.2 t), worth US$322.6 billion at 2020 values. Much of Nevada's gold production comes from large open pit mining using heap leaching recovery.

The Telfer Mine is a gold, copper and silver mine located at Telfer on the land of the Martu people, in the Great Sandy Desert of Western Australia. It is owned by Greatland Gold, having been acquired from the previous owner, Newmont, in December 2024.

<span class="mw-page-title-main">Boddington gold mine</span> Gold and copper mine in Western Australia

The Boddington gold mine is a gold and copper mine located 13 kilometres (8.1 mi) northwest of Boddington, Western Australia.

There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis.

Franco-Nevada Corporation is a Toronto, Ontario, Canada-based, gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets. It is traded on the Toronto Stock Exchange and New York Stock Exchange.

The Golden Grove mine is a copper, lead, silver, zinc and gold mine located 52 km south-southeast of Yalgoo, Western Australia. It is operated by 29Metals Limited after a 2021 divestment by EMR Capital.

<span class="mw-page-title-main">Red Lake Mine</span> Gold mine in Ontario, Canada

The Red Lake mine is a Canadian gold mine located in northwestern Ontario at Red Lake. It was one of the largest gold mines in Canada and in the world. The mine had estimated reserves of 3.23 million oz of gold in 2013. Note that the Campbell and Red Lake mines are mining the same orebody, commonly referred to as the Campbell-Red Lake deposit.

<span class="mw-page-title-main">Abitibi gold belt</span> Region of Canada that extends from Wawa, Ontario to Val-dOr, Quebec

The Abitibi gold belt is a region of Canada that extends from Wawa, Ontario to Val-d'Or, Quebec. Located within the mineral-rich Abitibi greenstone belt, the gold belt is an established gold mining district having produced over 100 mines, and 170 million ounces of gold since 1901. Timmins, a town founded in 1912 following the Porcupine Gold Rush and subsequent creation of the Hollinger Mines, McIntyre Mines and Dome Mine, which was one area in the region that experienced a gold rush, beginning in 1909. The Kerr Addison Mine in Virginiatown was at one time Canada's largest gold producing mine. Many of the towns readily acknowledge gold mining as part of their history, some being named after gold. One of Canada's 'large roadside attractions' is a 12-foot replica of a 1908 gold sovereign built to commemorate Canada's first gold coin which was made using gold from the Kerr Addison owned Kerr-Addison mine.

<i>Gold Rush</i> (TV series) American reality television series

Gold Rush is a reality television series that airs on Discovery and its affiliates worldwide. The series follows the placer gold mining efforts of various family-run mining companies, initially in Alaska, but then mostly in the Klondike region of Dawson City, Yukon, Canada. Prior seasons also included mining efforts in Guyana, Oregon, and Colorado. As of 2024 the show has aired 15 seasons.

<span class="mw-page-title-main">Peñasquito Mine</span>

The Peñasquito Polymetallic Mine is the fifth largest silver mine in the world and the second largest in Mexico. It is located in north-eastern corner of the State of Zacatecas and is wholly owned by Newmont. It is an open pit operation which began commercial operations in March 2010, but still managed to produce 13,952,600 ounces of silver that year. Estimated reserves for the Peñasquito Mine are 17.82 million oz of gold, 1,070.1 million oz of silver, 3,214 tons of lead and 7,098 million tons of zinc.

<span class="mw-page-title-main">Twin Creeks gold mine</span> Open pit mine near Winnemucca, Nevada, USA

Twin Creeks gold mine, also known as Twin Creeks Mine, is an active open pit mine near Winnemucca, Nevada.

The Duketon Gold Project is a gold mining operation located between 100 km (62 mi) and 130 km (81 mi) north of Laverton. It is owned by the Australian mining company Regis Resources.

References

  1. 1 2 3 "Porcupine - Overview & Operating Highlights". goldcorp.com. 2013. Retrieved 2013-06-18.
  2. "Newmont selling Porcupine mining operation to Discovery Silver". Financial Post. 27 January 2025. Retrieved 29 January 2025.

48°27′46″N81°14′28″W / 48.4627°N 81.2412°W / 48.4627; -81.2412